Despite low trading sentiment witnessed at the Doha Securities Market (DSM) for quite some time, the local bourse grew by a huge 70.21 per cent in 2005.
The market index increased by almost 4560 points since the beginning of the year to close at 11,053 at the end of trading on Thursday, which was the last day of trading in 2005 for the bourse.
Incidentally, 2005 was the year in which the market opened to foreigners (on April 3) and two new companies were listed.
The growth in 2004 was marginally less at around 65 per cent.
The major gainer in 2005 was Woqod (Qatar Fuel Company). Its share price more than doubled from QR40 at the end of 2004 to QR86.20 by this year-end. The increase was a hefty 215.5 per cent.
The next advancer was Qatar Industrial Manufacturing Company (QIMC, listed as QIMD). Its share value went up by 165.39 per cent from QR39.30 to QR65 over the year. The third largest gainer was Qatar Cement, which registered a growth of 162.11 per cent, from QR28.50 to QR46.20 over 2005.
Companies that gained more than 100 per cent included Salam International, Qatar International Islamic Bank, Industries Qatar (IQ) and Qatar National Navigation and Transport Company.
Losers included Al Ahli Hospital (39.81pc), Qatar Technical Inspection Company (26.13pc), Nakilat (Qatar Gas Transport Company)-18.83 pc, Qatar Insurance (7.09 per cent), Qatar Shipping (5.97 per cent), Qatar real Estate (5.19 per cent), Khaleej Insurance (4.25pc) and Qatar Cinema (4.11pc).
The banking and industrial sectors had no losers, while the insurance sector, which has five listed companies, had two losers and the services sector had the largest number of losers at six.
The value of traded shares in 2005 was a huge QR102.84bn, whereas the volume was a little more than one billion.
The number of transactions concluded was a little more than 1.13 million. Nakilat topped the list with 294,469 deals over the year, followed by IQ (121,157) and Salam International (85,740).